Tecsys (TSE:TCS) Stock Passes Above Fifty Day Moving Average – Should You Sell?

Tecsys Inc. (TSE:TCS)’s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$33.31 and traded as high as C$37.39. Tecsys shares last traded at C$36.59, with a volume of 4,071 shares.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. National Bank Financial raised Tecsys from a “sector perform” rating to an “outperform” rating and upped their price target for the company from C$40.00 to C$46.00 in a report on Wednesday, May 27th. Stifel Nicolaus cut Tecsys from a “buy” rating to a “hold” rating and reduced their price objective for the company from C$48.00 to C$28.50 in a research report on Thursday, February 12th. ATB Cormark Capital Markets upgraded Tecsys from a “hold” rating to a “moderate buy” rating and set a C$40.00 price target for the company in a research report on Friday, March 6th. Finally, Canadian Imperial Bank of Commerce reduced their price target on Tecsys from C$50.00 to C$40.00 in a research report on Thursday, March 5th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$40.30.

Tecsys Price Performance

The firm has a fifty day simple moving average of C$33.31 and a 200 day simple moving average of C$30.67. The company has a market capitalization of C$535.68 million, a PE ratio of 91.48 and a beta of 0.64. The company has a debt-to-equity ratio of 7.68, a quick ratio of 1.40 and a current ratio of 1.19.

Tecsys (TSE:TCS) last released its quarterly earnings data on Wednesday, March 4th. The company reported C$0.12 EPS for the quarter. The company had revenue of C$48.50 million for the quarter. Tecsys had a return on equity of 8.57% and a net margin of 3.15%. Equities analysts anticipate that Tecsys Inc. will post 0.4600739 EPS for the current year.

Tecsys Company Profile

Tecsys Inc is engaged in the development and sale of enterprise supply chain management software for distribution, warehousing, transportation logistics, point-of-use and order management. It also provides related consulting, education and support services. The company serves healthcare systems, services parts, third-party logistics, retail and general wholesale distribution industries. Geographically, it derives a majority of revenue from the United States and also has a presence in Canada and Other Countries.